Live Insurance News

Health insurance costs for 2015 won’t be revealed until after the election

October 20, 2014October 19, 2014 G. Turner

There could be double digit increases in premiums in certain states where key Senate races are occurring. Consumers across the United States who intend to buy their health insurance on the federal exchange won’t need to wait much longer to find out what their premiums will be, but they will still need to wait until after the election on November 4 for their first glimpse at the official figures. That said, this won’t delay their ability to shop and make their purchases as open enrollment starts on November 15. This…

Insurance exchange in Washington now offers policy auto-renewal feature

October 17, 2014October 14, 2014 Julie Campbell

The state is now giving users of its Health Benefit Exchange marketplace the chance to automatically renew coverage. The Washington Health Benefit Exchange, the state’s insurance exchange is now giving people the opportunity to use its website in order to allow residents of the state to be able to automatically renew their health plans for 2015 without having to take additional steps. The marketplace is now sending out renewal letters to customers, as are many insurers. Starting this week the insurance exchange and individual providers have been sending out letters…

Insurance plans are being dropped by many small businesses

October 3, 2014September 30, 2014 G. Turner

The health care reform is making some company owners believe that they cannot afford to continue coverage. The latest wave in the health care reform appears to be a withdrawal of a number of small employers from offering insurance plans to their employees, as some have discovered that they will be facing notably higher premiums than they have previously paid. This rise in the price of health plans is causing a number of small business owners to forego coverage next year. Instead, these companies are frequently choosing to pay their…

Health insurance rates are on their way up next year in NY

September 9, 2014September 6, 2014 H. Cutner

Residents of New York will find that their health plans aren’t quite as affordable as they were for 2014. Regulators in New York have now given their approval to increase health insurance rates for next year, although the hikes in the premiums are not going to be as high as what the industry had initially wanted. The rate increases will also apply to the policies that are being sold on the state’s new exchange. The health insurance rate increases will apply to the policies that are being sold in the…

Federal insurance exchange website hacked

September 8, 2014September 6, 2014 Julie Campbell

hacked phone federal health insurance exchange

The hacker was able to break in and upload malicious software, but reports say that personal data remained safe. According to federal officials, a hacker was able to make its way into the HealthCare.gov federal insurance exchange website back in July and even managed to upload malicious software into the site. That said, investigators have stated that there is no evidence that consumer personal data was accessed. They said that personal data of consumers was neither viewed nor taken during the breach of the federal insurance exchange site. At the…

Insurance exchange in Nevada open for buying health plans

September 4, 2014September 1, 2014 H. Cutner

Residents of the state don’t need to wait to purchase coverage for next year, as is the case in other parts of the country. Consumers across the United States are typically unable to purchase plans through their state or the federal insurance exchange until November 15,unless they have undergone certain qualifying life events since the start of the year, such as moving into a different state, the addition of a child to the family, or a marriage. However, individuals who live in Nevada are already able to access their insurance…

Health insurance coverage will require many to confirm immigration status

August 29, 2014August 26, 2014 Julie Campbell

In Texas, alone, there are about 53,000 people who need to clarify their status in order to keep their policies. Over 300,000 across the United States have now been sent letters from the federal government that requires them to answer certain questions with regards to their immigration status in order to make certain that they are entitled to keep their health insurance under the Affordable Care Act. Only legal residents and citizens are allowed to purchase policies that qualify for subsidies on premiums. Among those who have received the letters,…